1024 Spring Rd NWWashingtonDC20010
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Washington at 1024 Spring Rd NW, Washington, DC, 20010 generates $6,512/mo in rent and, after a $4,283/mo payment, leaves $1,390/mo in cash flow. Total monthly income is $6,512/mo, and annual cash flow is $16,686/yr on $287,875 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 8.93% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash sums $386,507. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,512/mo property income rather than buyer’s personal income.
Townhouse
Built in 1912
1,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20010, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,885 (100%) |
| Owner Occupied HU | 4,717 (31.7%) |
| Renter Occupied HU | 9,131 (61.3%) |
| Vacant Housing Units | 1,037 ( 7.0%) |
| Median Home Value | $876,050 |
| Average Home Value | $937,564 |
Housing Distribution
Address Breakdown
Residential
14,553
Single Family
5,689
Multi-Family
8,864
Businesses
610
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Listed by: OMEGA MARKOS • Keller Williams Capital Properties
Mls Name: Bright MLS
Mls ID: #DCDC2221706